Structural Steel Market Research Report – Global Forecast till 2027

Structural Steel Market Research Report, By Product (Heavy Sectional Steel, Light Sectional Steel, and Rebar), Application (Residential, Non-Residential (Commercial, Institutional, Offices) and Infrastructure) and Region — Global Forecast till 2027

ID: MRFR/CO/6021-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill Sample form for updated data.

Market Synopsis: Global Structural Steel Market


The global structural steel market is anticipated to witness sustainable growth in the upcoming years which is attributed to the rise in disposable income coupled with technological advancements in the prefabricated and pre-engineered building projects in the overall construction industry. High demand for infrastructure in emerging economies such as China and India have further expected to generate impressive growth of the structural steel market in the next few years. Increase in focus on innovation in green construction materials is one of the trends in the construction industry, which is expected to fuel the demand for structural steel building designs over the forecast period. These materials are recyclable, environmentally friendly, and also reduces the greenhouse gas emissions.


The demand for structural steel is also gaining traction due to the impressive growth in the real sector especially in the emerging economies such as Asia-Pacific and Latin America.


Hence, the global structural steel market is expected to witness a CAGR of around 5.3% over the forecast period.


Global Structural Steel Market: Regional Analysis


Geographically, the global structural steel market is segmented on the basis of region into North America, Europe, Asia-Pacific, and Rest of the world (RoW). Asia-Pacific held the largest share in the structural steel market, in 2017, which will retain its position by the end of 2023. The market in this region is majorly driven by rapid industrial growth coupled with technological advancements in construction industry in the region. Increase in construction spending is also fueling up the demand for structural steel market in the region. China emerged as the lucrative country in this region due to the high growth of GDP, which in turn fuel up the demand for construction activities. Exponential growth of residential & housing sector in this region is also propelling the demand for structural steel market.


Global Structural Steel Market: Segmentation


Structural Steel Market


Source: MRFR Analysis


The global structural steel market has been segmented on the basis of product, application, and region. The product segment is classified into heavy sectional steel, light sectional steel, and rebar. On the basis of product, heavy sectional steel accounted the largest share in 2017 and is expected to retain this position till 2023, which is attributed to increase in industrial and infrastructural construction projects coupled with technological advancements in construction industry, which further enhanced the demand for overall structural steel market.


On the basis of application, the market is divided into residential and non-residential segments. The non-residential segment accounted for the largest market share in 2017 which is expected to retain this position till 2023, which is attributed to the expansion of construction activities of commercial, offices, and institutional buildings for which the demand for high-quality construction matetial is also gaining demand in the emerging economies such as China and India.


Key players operating in the global structural steel market includes ArcelorMittal S.A., Hebei Group, Baosteel Group Co., Nippon Steel & Sumitomo Metal Corporation, POSCO, Wuhan Group, Tata Limited, Anshan Iron & Steel Group Corporation, Anyang Group Co. Ltd., Baogang Group, Hyundai Steel Co. Ltd., Bohai Group, and many others.


The global structural steel market is highly competitive with many companies, across the globe. The companies adopted various strategies to expand their global presence and increase their foothold in the overal market. Some of the key strategies adopted by the companies include expansions & investments, acquisitions, and securing contracts.


Intended Audience:



  • Raw Material Suppliers

  • End Users

  • Contractors

  • Traders & Distributors

  • Regulatory Bodies



Frequently Asked Questions (FAQ) :


Structural steel market would grow with 5.3% CAGR during the forecast period.

Increasing disposable income and rising need for pre-engineered constructions would dominate structural steel market.

The APAC region would dominate the structural steel market.

Heavy sectional steel would dominate structural steel market.

The non-residential segment had the maximum structural steel market share.

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Threat of substitutes

3.1.4 Segment rivalry

3.1.5 Bargaining Power of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

5 Global Structural Steel Market, By Product

5.1 Introduction

5.2 Heavy Sectional Steel

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Light Sectional Steel

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

5.4 Rebar

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Structural Steel Market, By Application

6.1 Introduction

6.2 Residential

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Non-Residential

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

6.3.3 Commercial

6.3.3.1 Market Estimates & Forecast, 2020-2027

6.3.3.2 Market Estimates & Forecast by Region, 2020-2027

6.3.4 Institutional

6.3.4.1 Market Estimates & Forecast, 2020-2027

6.3.4.2 Market Estimates & Forecast by Region, 2020-2027

6.3.5 Offices

6.3.5.1 Market Estimates & Forecast, 2020-2027

6.3.5.2 Market Estimates & Forecast by Region, 2020-2027

6.3.6 Others

6.3.6.1 Market Estimates & Forecast, 2020-2027

6.3.6.2 Market Estimates & Forecast by Region, 2020-2027

6.4 Infrastructure

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Structural Steel Market, By Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Product, 2020-2027

7.2.3 Market Estimates & Forecast by Application, 2020-2027

7.2.4 US

7.2.4.1 Market Estimates & Forecast, 2020-2027

7.2.4.2 Market Estimates & Forecast by Product, 2020-2027

7.2.4.3 Market Estimates & Forecast by Application, 2020-2027

7.2.5 Canada

7.2.5.1 Market Estimates & Forecast, 2020-2027

7.2.5.2 Market Estimates & Forecast by Product, 2020-2027

7.2.5.3 Market Estimates & Forecast by Application, 2020-2027

7.2.6 Mexico

7.2.6.1 Market Estimates & Forecast, 2020-2027

7.2.6.2 Market Estimates & Forecast by Product, 2020-2027

7.2.6.3 Market Estimates & Forecast by Application, 2020-2027

7.3 Europe

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Product, 2020-2027

7.3.3 Market Estimates & Forecast by Application, 2020-2027

7.3.4 UK

7.3.4.1 Market Estimates & Forecast, 2020-2027

7.3.4.2 Market Estimates & Forecast by Product, 2020-2027

7.3.4.3 Market Estimates & Forecast by Application, 2020-2027

7.3.5 Germany

7.3.5.1 Market Estimates & Forecast, 2020-2027

7.3.5.2 Market Estimates & Forecast by Product, 2020-2027

7.3.5.3 Market Estimates & Forecast by Application, 2020-2027

7.3.6 France

7.3.6.1 Market Estimates & Forecast, 2020-2027

7.3.6.2 Market Estimates & Forecast by Product, 2020-2027

7.3.6.3 Market Estimates & Forecast by Application, 2020-2027

7.3.7 Italy

7.3.7.1 Market Estimates & Forecast, 2020-2027

7.3.7.2 Market Estimates & Forecast by Product, 2020-2027

7.3.7.3 Market Estimates & Forecast by Application, 2020-2027

7.3.8 Rest of Europe

7.3.8.1 Market Estimates & Forecast, 2020-2027

7.3.8.2 Market Estimates & Forecast by Product, 2020-2027

7.3.8.3 Market Estimates & Forecast by Application, 2020-2027

7.4 Asia-Pacific

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Product, 2020-2027

7.4.3 Market Estimates & Forecast by Application, 2020-2027

7.4.4 China

7.4.4.1 Market Estimates & Forecast, 2020-2027

7.4.4.2 Market Estimates & Forecast by Product, 2020-2027

7.4.4.3 Market Estimates & Forecast by Application, 2020-2027

7.4.5 Japan

7.4.5.1 Market Estimates & Forecast, 2020-2027

7.4.5.2 Market Estimates & Forecast by Product, 2020-2027

7.4.5.3 Market Estimates & Forecast by Application, 2020-2027

7.4.6 India

7.4.6.1 Market Estimates & Forecast, 2020-2027

7.4.6.2 Market Estimates & Forecast by Product, 2020-2027

7.4.6.3 Market Estimates & Forecast by Application, 2020-2027

7.4.7 Rest of Asia-Pacific

7.4.7.1 Market Estimates & Forecast, 2020-2027

7.4.7.2 Market Estimates & Forecast by Product, 2020-2027

7.4.7.3 Market Estimates & Forecast by Application, 2020-2027

7.5 Rest of the World

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Product, 2020-2027

7.5.3 Market Estimates & Forecast by Application, 2020-2027

7.5.4 South America

7.5.4.1 Market Estimates & Forecast, 2020-2027

7.5.4.2 Market Estimates & Forecast by Product, 2020-2027

7.5.4.3 Market Estimates & Forecast by Application, 2020-2027

7.5.5 Middle East & Africa

7.5.5.1 Market Estimates & Forecast, 2020-2027

7.5.5.2 Market Estimates & Forecast by Product, 2020-2027

7.5.5.3 Market Estimates & Forecast by Application, 2020-2027

8 Competitive Landscape

9 Company Profile

9.1 ArcelorMittal S.A.

9.1.1 Company Overview

9.1.2 Products/Products Offering

9.1.3 Financial Overview

9.1.4 Key Developments

9.1.5 Strategy

9.1.6 SWOT Analysis

9.2 Hebei Group

9.2.1 Company Overview

9.2.2 Products/Products Offering

9.2.3 Financial Overview

9.2.4 Key Developments

9.2.5 Strategy

9.2.6 SWOT Analysis

9.3 Baosteel Group Co.

9.3.1 Company Overview

9.3.2 Products/Products Offering

9.3.3 Financial Overview

9.3.4 Key Developments

9.3.5 Strategy

9.3.6 SWOT Analysis

9.4 Nippon Steel & Sumitomo Metal Corporation

9.4.1 Company Overview

9.4.2 Products/Products Offering

9.4.3 Financial Overview

9.4.4 Key Developments

9.4.5 Strategy

9.4.6 SWOT Analysis

9.5 POSCO

9.5.1 Company Overview

9.5.2 Products/Products Offering

9.5.3 Financial Overview

9.5.4 Key Developments

9.5.5 Strategy

9.5.6 SWOT Analysis

9.6 Wuhan Group

9.6.1 Company Overview

9.6.2 Products/Products Offering

9.6.3 Financial Overview

9.6.4 Key Developments

9.6.5 Strategy

9.6.6 SWOT Analysis

9.7 Tata Limited

9.7.1 Company Overview

9.7.2 Products/Products Offering

9.7.3 Financial Overview

9.7.4 Key Developments

9.7.5 Strategy

9.7.6 SWOT Analysis

9.8 Anshan Iron & Steel Group Corporation

9.8.1 Company Overview

9.8.2 Products/Products Offering

9.8.3 Financial Overview

9.8.4 Key Developments

9.8.5 Strategy

9.8.6 SWOT Analysis

9.9 Anyang Group Co. Ltd.

9.9.1 Company Overview

9.9.2 Products/Products Offering

9.9.3 Financial Overview

9.9.4 Key Developments

9.9.5 Strategy

9.9.6 SWOT Analysis

9.9 Baogang Group

9.9.1 Company Overview

9.9.2 Products/Products Offering

9.9.3 Financial Overview

9.9.4 Key Developments

9.9.5 Strategy

9.9.6 SWOT Analysis

9.10 Hyundai Steel Co. Ltd.

9.10.1 Company Overview

9.10.2 Products/Products Offering

9.10.3 Financial Overview

9.10.4 Key Developments

9.10.5 Strategy

9.10.6 SWOT Analysis

9.11 Bohai Group

9.11.1 Company Overview

9.11.2 Products/Products Offering

9.11.3 Financial Overview

9.11.4 Key Developments

9.11.5 Strategy

9.11.6 SWOT Analysis

List of Tables

Table 1 Global Structural Steel Market, by Region, 2020-2027

Table 2 North America: Structural Steel Market, by Country, 2020-2027

Table 3 Europe: Structural Steel Market, by Country, 2020-2027

Table 4 Asia-Pacific: Structural Steel Market, by Country, 2020-2027

Table 5 RoW: Structural Steel Market, by Country, 2020-2027

Table 6 Global Structural Steel Market, by Product, by Region, 2020-2027

Table 7 North America: Structural Steel Market, by Product, by Country, 2020-2027

Table 8 Europe: Structural Steel Market, by Product, by Country, 2020-2027

Table 9 Asia-Pacific: Structural Steel Market by Product, by Country, 2020-2027

Table 10 RoW: Structural Steel Market by Product, by Country, 2020-2027

Table 11 Global Structural Steel Market, by Application, by Region, 2020-2027

Table 12 North America: Structural Steel Market, by Application, by Country, 2020-2027

Table 13 Europe: Structural Steel Market, by Application, by Country, 2020-2027

Table 14 Asia-Pacific: Structural Steel Market by Application, by Country, 2020-2027

Table 15 RoW: Structural Steel Market by Application, by Country, 2020-2027

Table 16 Global Structural Steel Market, by Region, 2020-2027

Table 17 Global Structural Steel Market, by Product, 2020-2027

Table 18 Global Structural Steel Market, by Application, 2020-2027

Table 19 North America: Structural Steel Market, by Country

Table 20 North America: Structural Steel Market, by Product

Table 21 North America: Structural Steel Market, by Application

Table 22 Europe: Structural Steel Market, by Country

Table 23 Europe: Structural Steel Market, by Product

Table 24 Europe: Structural Steel Market, by Application

Table 25 Asia-Pacific: Structural Steel Market, by Country

Table 26 Asia-Pacific: Structural Steel Market, by Product

Table 27 Asia-Pacific: Structural Steel Market, by Application

Table 28 RoW: Structural Steel Market, by Region

Table 29 RoW: Structural Steel Market, by Product

Table 30 RoW: Structural Steel Market, by Application


List of Figures

FIGURE 1 Research Process of MRFR

FIGURE 2 Top down & Bottom up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter’s Five Forces Analysis

FIGURE 7 Value chain analysis

FIGURE 8 Global Structural Steel Market Share, by Product, 2020 (%)

FIGURE 9 Global Structural Steel Market, by Product, 2020-2027 (USD MILLION)

FIGURE 10 Global Structural Steel Market Share, by Application, 2020 (%)

FIGURE 11 Global Structural Steel Market, by Application, 2020-2027 (USD MILLION)

FIGURE 12 Global Structural Steel Market Share (%), by Region, 2020

FIGURE 13 Global Structural Steel Market, by Region, 2020-2027 (USD MILLION)

FIGURE 14 North America: Structural Steel Market Share (%), 2020

FIGURE 15 North America: Structural Steel Market by Country, 2020-2027 (USD MILLION)

FIGURE 16 Europe: Structural Steel Market Share (%), 2020

FIGURE 17 Europe: Structural Steel Market, by Country, 2020-2027 (USD MILLION)

FIGURE 18 Asia-Pacific: Structural Steel Market Share (%), 2020

FIGURE 19 Asia-Pacific: Structural Steel Market, by Country, 2020-2027 (USD MILLION)

FIGURE 20 Rest of the World Structural Steel Market Share (%), 2020

FIGURE 21 Rest of the World Structural Steel Market by Country, 2020-2027 (USD MILLION)